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State Bank Reserves Crossed $4 Billion after Receiving $500 Million Loan From Chinese Bank

The State Bank of Pakistan’s (SBP) forex reserves moved above $4 billion after the liquidity-challenged country received a $500 million loan from a Chinese bank. In a statement, the central bank said that its foreign exchange reserves have increased by $487 million to $4,301 million as of the week ended March 3, which will provide an…